Come home to this beautifully updated residence with gleaming hardwood floors, located in the coveted Hampden Hills neighborhood.From the moment you step inside, this spacious 3-bedroom, 2-bath home feels warm, inviting, and instantly comfortable. A large great room provides the perfect space for entertaining or simply relaxing by the fireplace, with abundant natural light streaming through high-end plantation shutters. The kitchen is thoughtfully updated offering generous solid-surface counters and space ideal for any home chef.Storage is abundant, including a large cedar-lined closet, with easy access to a stand up well sized basement w/ample storage. This spacious area is where the on-demand water heater and furnace is also.There is also a dedicated laundry room with a full-size washer and dryer, an additional bathroom, and an additional living room. Outside is fenced backyard oasis with extra outdoor living space. Mature trees and professional landscaping create a peaceful retreat—perfect for unwinding after a long day.The home is pet-friendly as well, featuring a pet door and a convenient dog run. The yard features a lawn with sprinklers & a planted berm w/ mature fruit trees w/so much shade and blossoms in the Spring. Also has a garden shed & alley access! With R-1-C zoning and alley access, the property may offer future potential for an ADU,a detached garage, or an ADU onto attached garage—creating opportunities for passive income, a private studio, or additional living space for those thinking long-term and creatively. Enjoy living in one of Denver’s most sought-after neighborhoods, with Cherry Creek Schools, great neighbors, and an unbeatable Hampden Hills location.Across from Cherry Hills & one mile from both Swedish Medical Center, Porter Hospital, & Denver University. Just a short bike ride to Wash Park, South Pearl, & Old South Gaylord.Walk to shopping at Kent Place grocery shops & bistros and two local parks are all within walking distance.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
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